The United States Bankruptcy Court for the Eastern District of Michigan recently allowed a debtor to modify his confirmed Chapter 13 plan based upon a mistake by the debtor’s counsel. The result of the modification was to reduce the plan to 36 months from 60 and reduce the repayment to unsecured creditors by 80 percent.
A copy of In re Luman is available at: Link to Opinion.
USA, Banking, Insolvency & Restructuring, Litigation, Maurice Wutscher LLP, Debtor, Unsecured debt, United States bankruptcy court, Sixth Circuit